Oil Prices Drop as U.S. Loses Top AAA Rating ...Middle East

Oil prices fell on Monday after the last of the big three credit rating agencies, Moody’s, downgraded its rating on the United States from AAA to Aa1, reigniting concerns about America’s economy and bond markets. Moody’s Ratings on Friday downgraded the long-term issuer and senior unsecured ratings of the U.S. to Aa1 from Aaa and changed the outlook to stable from negative. The one-notch downgrade “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly…

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Oil Prices Drop as U.S. Loses Top AAA Rating ...Middle East

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